Tech Company Financing Transactions
Universal Fuel Technologies Funding Round
TO Ventures and Alchemist Accelerator participated in a $3 million Seed capital raise for Universal Fuel Technologies. The round was recorded on 10/22/2024.
Transaction Overview
Company Name
Announced On
10/22/2024
Transaction Type
Venture Equity
Amount
$3,000,000
Round
Seed
Investors
TO Ventures (Lead Investor)
Proceeds Purpose
The company intends to use the funds for the advancement of its proprietary Flexiforming process and establish lab space in Texas for SAF sample production.
Company Information
Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
171 Main Street 261
Los Altos, CA 94022
USA
Los Altos, CA 94022
USA
Phone
Undisclosed
Website
Email Address
Overview
Universal Fuel Technologies (UniFuel) is a chemical technology company dedicated to accelerating the transition from fossil fuels to renewable gasoline, SAF, and other renewable chemicals. Our proprietary chemical technology, protected by over 30 patents across 14 countries, is a drop-in solution that enables the fuel and energy industry to transition flexibly to renewable fuels using existing facilities.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Alexei Beltyukov
Co-Founder
Denys Pchelintsev
VP - Bus. Development
Stephen Sims
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